Hi everyone We can see two important strokes in the chart. A fundamental support zone in the $ 28,798 - $ 31,272 range, and a very high resistance zone in the $ 46,682 - $ 50,966 range. Currently, the price is just above the $ 42,675 support, if the price does not hold, the next supports are at: $ 40,732 and $ 39,246. However, when the price rises, the first resistance will be encountered at the important point of 0.618 Fib retracement with the price of $ 44,618, and the next one is the resistance zone from $ 46,682 to $ 50,966.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.